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With its location in Cary at the doorstep of the Research Triangle Park, Parkside Town Commons has a unique location and market position. An estimated 39,000 employees work in over 135 companies at the Research Triangle Park. This is double the number of employees in 1980 and future job growth in the park is expected to continue at a rapid clip. Research Triangle workers seeking shopping, dining and entertainment options will provide a large, high quality daytime market for Parkside Town Commons throughout the day.
On the residential side, Cary and the surrounding area are bustling with activity. There are roughly 20,000 new residential units in various stages of development in Cary and within four miles of Parkside Town Commons. The current population of over 100,000 residents doubled in the period from 1990-2000 and is projected to double again in the next 10-15 years.
Cary area residents are some of the most affluent in the Triangle Region. Within a five mile radius of Parkside Town Commons, the average household income is $109,131. At three miles, the average household income is $123,968. All told, the resident market for Parkside Town Commons is growing and affluent, certain to offer retailers a tremendous opportunity to tap into a new market.
Demographic Source: Claritas / TIGER Geography 06/08
On the residential side, Cary and the surrounding area are bustling with activity. There are roughly 20,000 new residential units in various stages of development in Cary and within four miles of Parkside Town Commons. The current population of over 100,000 residents doubled in the period from 1990-2000 and is projected to double again in the next 10-15 years.
Cary area residents are some of the most affluent in the Triangle Region. Within a five mile radius of Parkside Town Commons, the average household income is $109,131. At three miles, the average household income is $123,968. All told, the resident market for Parkside Town Commons is growing and affluent, certain to offer retailers a tremendous opportunity to tap into a new market.
Demographic Source: Claritas / TIGER Geography 06/08
